Articles worth reading

Achieving Trading Balance: The Path to Financial Success

account_balanceMetro Manila access_time4 days ago

Trading, a dynamic and ever-evolving field, has captured the interest and imagination of countless individuals seeking financial independence and prosperity. Whether you're a seasoned trader or just dipping your toes into the world of investments...

Metro News

SMC distributes cash aid to more Cavite fisherfolk 

account_balanceMetro News account_circleMichael Lim chat_bubble_outline0 Comments

San Miguel Corporation (SMC) has extended monthly cash assistance to more fisherfolk families, bringing to close to 2,000 the beneficiaries from the P500-M ‘Handog Tulong Pinansyal Para sa Mangingisda” program in the province of Cavite. 

San Miguel Aerocity Inc. (SMAI), SMC’s airport unit, launched the financial assistance program recently as a follow up to the company’s monthly food supply initiative for over 8,000 fisherfolk families from Rosario, Tanza, Naic, and Ternate towns. 

This is part of the company’s commitment to managing its social and environmental impacts following strict performance standards set by the International Finance Corporation (IFC) for its New Manila International Airport (NMIA) project to be constructed in Bulakan, Bulacan. 


Under the said program, some 5,000 fisherfolk families will each receive a monthly financial assistance of P5,000 until the company’s operation in the area is completed by 2024.  

Some 1,074 fisherfolk families from Tanza and 658 fishing boat owners were initially identified as eligible beneficiaries based on both third-party surveys and a selection and validation process by local officials and leaders of local fishermen’s groups.  

SMAI’s separate Social Development Management Program (SDMP) include garment production and soap-making, scholarships for children of fisherfolk, and construction-based training in cooperation with the Technical Education Skills and Development Authority (TESDA). 

The company will also implement programs to employ affected communities or their family members at the airport project. 

With the help of experts, SMAI will also implement programs such as site rehabilitation and restoration to minimize its impacts on the environments and further embed sustainability solutions to its operation in the area. 

The company is also tapping a third-party organization that, in partnership with the Bureau of Fisheries and Aquatic Resources (BFAR), will study how to improve fishing yields from the shoal. This is to help bring up the volume of catch from the area following the completion of Boskalis’ activities. 

Among other companies operating at the San Nicolas Shoal, only SMAI has so far undertaken food and cash support initiatives for affected communities as well as programs to rehabilitate areas following sand extraction activities.  

“We are constantly in touch with local government officials, and concerned national agencies to ensure that all needed measures and assistance for affected fisherfolk communities are implemented immediately and consistently during our operations, and with further emphasis on mitigating the impacts to the immediate environment during and even after our operations,” said Ramon S. Ang, SMC President and Chief Executive Officer.  

During the program also attended by Rosario mayor Jose Voltaire V. Ricafrente, SMAI reminded fisherfolk communities to adhere to safety protocols during their fishing activities near the San Nicolas Shoal, where Royal Boskalis Westminster N.V., a leading global marine engineering firm, is also undertaking dredging activities. 

SMAI and Boskalis provided fishermen with safety equipment, including radar reflectors, life vests, life buoy rings, foam buoys, led lights, and rechargeable batteries. 

date_rangeDate Published
2 months ago
shareShare article
folder_openArticle tags
content_copyCategorized under

Share your thoughts with us

Related Articles

Filipinosmore value-conscious in FMCG purchases

account_balanceMetro Manila chrome_reader_mode1 day ago

Filipinos are coming out of the pandemic more value-conscious than ever, Kantar, the world’s leading marketing data and analytics company, reveals based on its latest data about the FMCG (Fast Moving Consumer Goods) industry. The Kantar re...

Economists wants to refocus on pre-pandemic economic targets

account_balanceMetro Manila chrome_reader_mode1 day ago

Economists from the academe and financial markets on Tuesday urged the government to set its sights back to pre-pandemic targets now that the economic effects of the coronavirus disease 2019 (Covid-19) contagion have waned, according to a report...

Taguig opens modern Sta. Ana multi-purpose building 

account_balanceTaguig chrome_reader_mode3 days ago

Taguig City - Mayor Lani Cayetano led the momentous ribbon-cutting ceremony on June 3 to mark the grand opening of the city's multi-level and multipurpose building in Barangay Sta. Ana. This project, funded by former House Speaker Senator Alan Pe...

Muntinlupa signs 'Respeto sa Kapwa Muntinlupeño' ordinance 

account_balanceMuntinlupa chrome_reader_mode1 day ago

Muntinlupa City - In a ceremonial signing held today, June 5, Mayor Ruffy Biazon emphasized the importance of ensuring the safety of every citizen from harassment. The signing marked the implementation of City Ordinance No. 2023-077, also known as th...

Click on the article to continue reading
Quezon City adopts no contact apprehension system Red Cross pushes saliva test Vaccines from COVAX to arrive in Q1 Makati Shangri-La to close doors on Feb. 1 Cities in NCR to start vaccination simultaneously Mother, girlfriend of Filipino infected with UK variant also test positive Send Press Release MNC Facebook Page MNC Twitter Page MNC Instagram Page LGU Spotlight Barangay Front Business Sports Entertainment Metro Gen Metro Feature